My last question of the night, can someone please explain this to me?

jmwarren

On page 4 of the latest edition of Coin World, there is a 1793 Chain Cent graded XF. The price is $15,750.00. My question is, why isn't this coin in a slab? Wouldn't an ANACS or NGC slabbing be more appealing to a buyer then just a raw coin? Maybe even PCGS? I think there must be something wrong with it, since something worth that much isn't in a slab.

coinguy1

jmwarren,

Your point is well taken. I haven't seen the ad in question but odds are that there is something wrong with the coin and/or that it wont grade out that high if certified by NGC or PCGS.

Jamericon

Jmwarren,

I have to agree with coinguy1. Chances are the coin is properly graded, but possibly exhibits some sort of surface distraction such as corrosion, a weak or uneven strike (common in those days) or spots and uneven color. PCGS and NGC would bodybag it and ANACS would net grade. In the sellers eyes the coin has more merit being raw.

Jamericon